Notes and Study material for Exams
First Plan (1951 – 56) Target Growth : 2.1 % Actual Growth 3.6 % It was based on Harrod-Domar Model. Influx of refugees, severe food shortage & mounting Inflation confronted the country at the onset of the First Five Year Plan. The Plan Focussed on agriculture, price stability, power and transport It was a successful … Read more
India’s Foreign Policy is fundamentally based on the principles of peaceful co-existence, friendship and co-operation among all the countries of the world irrespective of their political systems. The foreign policy is aimed at promoting international peace and security and maintaining good and friendly relations with all the countries of the world. India, which was a … Read more
Union Judiciary : The Supreme Court ; its role and powers The Supreme Court is the highest court of The Indian Republic. Judiciary, the third organ of the government, has an important role to play in the governance. It settles the disputes, interprets laws, protects Fundamental Rights and acts as guardian of the Constitution. India … Read more
The Banking System at the time of independence was largely urban oriented and remained out of reach of rural Population. Commercial Banks mostly confined their lending to trade, commerce and Industry and treated agriculture as a non priority. Security- oriented lending was the order of the day. Banks did not pay any attention to the … Read more
[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade. The World Bank was established in December 1945 … Read more
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more
The thrust of the Scientific Policy Resolution, 1958 was on capacity-building in advancement of science as the foundation for making a strong nation, which had just freed itself from the shackles of colonial domination . The focus of the Technology Policy Statement, 1983 was attainment of technological self-reliance and building of national strength by reducing … Read more
Role of Foreign Capital and Multinational companies in Industrial development of India The development of any Society or country without Economic Development is a myth. Economic development brings prosperity which in turns is directly proportional to the amount of goods and Services produced quantitatively or in broad sense we can say in Money … Read more
One of the basic tenets of our Foreign Policy has been non-alignment. As an element of foreign policy non-alignment m e a n s i n d e p e n d e n t o f b l o c s , peaceful coexistence, global peace, disarmament, struggle against all manifestations of injustices … Read more
Money Supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and Savings accounts. Money Supply can be estimated as narrow or Broad Money. There are four measures of money supply in India … Read more